India corn futures may fall Tuesday on profit-taking after rising more than 1 percent in the previous session, analysts said. However, some revival in export demand due to a falling rupee may support futures, they said. The Indian rupee has shed about 5 percent so far during the year, and hit a record low of 52.20 per dollar last week. A weak rupee makes Indian prices attractive to overseas buyers dealing in dollars, analysts said. India has exported about 300,000 tonnes of the commodity so far in the 2008/09 marketing year that began in October. It exported about 3 million tonnes in 2007/08. Exports have been pinched this year by lower-priced offerings from the U.S and Brazil amid the demand slowdown in major economies, traders and analysts said. The most-active April futures NMZJ9 on the National Commodity and Derivatives Exchange last ended at 845.5 rupees per 100 kg, up 1.38 percent.

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